that's why 10 ticks stop loss is good enough for me. It either works or it does not. We have no way of knowing true intentions for rest of the day. I will keep on shorting 89.40 level till it gets taken out. Till that time, will gather some ticks on the slow joy ride.
since Mark Fisher firms clear 1/3 rd of daily crude volume. If his pit traders get sense- that lot of traders are short, they will rip cl up.
Mark Fisher likes to SHOCK other traders who are caught on the wrong side.
box is 88.80 to 89.30. any long or shorts in between, is OK, it just requires waider stop loss than 10 ticks. any trade away from edge of the box will get stopped out- unless one gets lucky and trade moves in ones direction right away
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Hi Josh,
Today is a good example of why Mark Fisher prefers /cl, /gc etc over /es. es has nice move but has not made an A up. So no reference points per his system. Whereas cl has worked like a CHARM.